Read in browser Happy Anthropic S-1 day Here’s the draft prospectus for Anthropic PBC’s initial public offering. In writing a prospectus for a frontier artificial intelligence IPO, you have to make choices about what to promise in your good vision of AI, and what to threaten in your bad vision. SpaceX went public this year promising “the largest actionable total addressable market (‘TAM’) in human history,” $28.5 trillion, which is a lot, sure, but still a finite number of dollars. OpenAI has raised money to build artificial general intelligence with the considerably more abstract promise that “it may be difficult to know what role money will play in a post-AGI world.” So the two benchmarks are something like “we will make more money than any company has ever made before” and “we will make money obsolete.” Anthropic is, by these standards, relatively sedate. From its founders’ letter: We encourage you, as a prospective owner of our stock, not to think of your purchase in purel...
